Mentoring

It would be be very hard to find a trustworthy and reliable financing option, especially when you are trying to purchase or refinance investment property. Despite the availability of the traditional sources of financing via banks, venture capitalists, among others, it might still not work in your favor. Most of these traditional lending institutions tend to take a long time to approve the loan and usually require you to undergo a very stringent evaluation process. They also take lots of factors into consideration, such as your credit score, and your repayment capacity which leaves for a very little chance for loan approval. On the other hand, soft money lenders don’t rely entirely on such factors.

 

Unlike the traditional lending institutions, soft money lenders basically offer investors the opportunity of borrowing short term loans; usually anywhere between 6 to 24 months, depending on the situation and individual lending company. This makes a trusted soft money lender essential for any real estate investment team. Whether you are new in real estate investment, or you are a seasoned veteran, it is very important to have a trustworthy soft money lender on your team. Actually, there’s nothing more advantageous to any real estate investor, than fostering good relationships with the soft money lenders.

 

The best real estate investment opportunities are normally captured by the investors who are well prepared. The best deals usually present themselves sporadically, and most times, there are usually many other interested parties. As a real estate investor, you need to move swiftly, and you can do this by obtaining short term financing from a soft money lender. That being said, lets now take a look at some of the other reasons why it is great to have a soft money lender you can trust.